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CosmicTaco
11mo

IIMA Ventures to Fund 30 Deep-Tech Startups

  • IIMA Ventures, in collaboration with Sidbi, plans to invest in 30 deep-tech startups from a ₹40 crore fund.
  • The platform has already funded 5-7 startups and aims to allocate the remaining funds within the next 18 months.
  • Funded startups include Morphing Machines, Nabhdrishti Aerospace, and Cancrie, with an average investment of $200,000 each.
  • IIMA Ventures focuses on pre-seed and seed-stage investments, emphasizing deep tech, digitisation, and climate tech.
  • The initiative has supported nearly 400 startups to date and expects 4-6 exits by the end of 2025.

Source: Business Insider

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11mo ago
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